FDA recalls shrimp sold at Walmart
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This would signify a 10% year-over-year rise in adjusted earnings and a 3% growth in sales compared to last year's figures of 63 cents per
Several big-box U.S. retailers are reporting second-quarter earnings this week, offering a glimpse into the spending habits of consumers and the continued impact of President Trump’s trade war. Here a
Walmart has recalled frozen, raw shrimp sold in 13 states after federal health officials warned of potential radioactive contamination. The U.S.
SAME-STORE SALES: Analysts modeled comparable sales, which account for store openings and closings, to be up 4% from last year. That is compared with a 4.3% increase a year ago. Walmart's stock has gained 6% over the past three months and was recently trading at $102.15.
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Investors expect Walmart's management to strike a cautious tone on customer demand as the U.S. labor market cools and inflation ticks up, though the company has outperformed its peers over the last year due to its reliance on grocery sales and wealthier customers shopping there more often.